Streetbeat News

Earnings

EVLV

Evolv Technologies Holdings Inc (NASDAQ:EVLV) shares are trading higher by around 12% after the company disclosed better-than-expected Q3 preliminary results and raised its fiscal 2023 outlook. The company expects Q3 revenues of $19.3 million to $19.8 million and an adjusted gross margin of 57% to 58%. The FY23 outlook has been raised to a revenue of $75 million-$77 million and an adjusted EBITDA loss of $50 million-$(53) million.

Portfolio Pulse from Lekha Gupta

October 12, 2023 | 2:59 pm

HL

Hecla Mining Co (NYSE:HL) reported a decline in silver, lead, and zinc production in Q3 2023, while gold production rose. Despite less production at the Lucky Friday mine, the company expects to meet its 2023 guidance of 14.5 to 15.5 million ounces. The company's shares are trading higher by 1.02% at $3.97 premarket.

Portfolio Pulse from Lekha Gupta

October 12, 2023 | 2:54 pm

BCH

BFST

BPRN

GNW

IVZ

Benzinga Insights has identified several value stocks in the financial services sector that may be worth watching. These include Genworth Finl (GNW), Banco De Chile (BCH), Princeton Bancorp (BPRN), Invesco (IVZ), and Business First Bancshares (BFST). The companies have shown varying performance in Q2 earnings per share and dividend yield.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 2:48 pm

INMD

InMode Ltd's shares have dropped by over 20% following the company's Q3 guidance, which is below estimates, and a reduction in FY23 revenue guidance. The company attributes the lower guidance to an expected economic slowdown impacting platform sales, higher interest rates, tighter leasing approval standards, and bottlenecks in loan processing. Despite these challenges, InMode does not anticipate any interruption to production.

Portfolio Pulse from Lekha Gupta

October 12, 2023 | 2:46 pm

AMR

Alpha Metallurgical Resources has reported preliminary Q3 sales volume and realizations, and has lowered its FY23 metallurgical coal shipment guidance. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:36 pm

VSAT

ViaSat, Inc. (NASDAQ:VSAT) expects to reach sustainable positive free cash flow in the first half of 2025, earlier than previously announced. The company anticipates reporting over $3 billion of liquidity by September 2023, with no near-term outstanding debt maturities. ViaSat also expects high single-digit revenue growth in FY2023 and again in FY2025. The integration of the Inmarsat acquisition is ahead of schedule, with synergy estimates to be fully realized in FY25. Despite a malfunction in the VS-3 F1 Satellite, ViaSat has insurance coverage and does not require a replacement. The company's shares are trading higher by 10.75%.

Portfolio Pulse from Nabaparna Bhattacharya

October 12, 2023 | 2:29 pm

DAL

Delta's CFO has announced that fuel prices have increased since July, adding approximately $400 million to the company's expense outlook for the second half of the year.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:23 pm

DPZ

Domino's Pizza reported better-than-expected Q3 EPS results and issued FY23 guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:08 pm

BLK

BlackRock (NYSE:BLK) is set to release its quarterly earnings report on October 13, 2023. Analysts estimate an EPS of $8.47. Last quarter, the company beat EPS by $0.82, which was followed by a 0.0% drop in the share price. Shares of BlackRock were trading at $642.67 as of October 11, with a 52-week increase of 16.36%.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 2:00 pm

UNH

UnitedHealth Group (NYSE:UNH) is set to release its latest quarterly earnings report on October 13, 2023. Analysts estimate an earnings per share (EPS) of $6.32. The company's past performance shows a mixed impact on the share price post-earnings release. The stock was trading at $524.13 as of October 11, with a 52-week return of 2.32%.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 2:00 pm